Tejas Cargo India Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,960,000 (47%) | — | ₹4,973 Cr |
| NII (HNI) | — | 888,800 (14%) | — | ₹1,493 Cr |
| Retail | — | 2,072,800 (33%) | — | ₹3,482 Cr |
| Market Maker | — | 315,200 (5%) | — | ₹53 Cr |
| Σ Total | — | 6,300,000 (100%) | — | ₹105,840 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹134,400 |
| Retail (Max) | 13 | 10,400 | ₹1,747,200 |
| S-HNI (Min) | 14 | 11,200 | ₹1,881,600 |
| B-HNI (Min) | 67 | 53,600 | ₹9,004,800 |
Financial Statements Amount in ₹ Crores
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 255 | 423 | 384 |
| Profit After Tax | 9 | 13 | 10 |
| Net Worth | 63 | 55 | 13 |
| Total Assets | 294 | 236 | 116 |
| Reserves & Surplus | 47 | 55 | 13 |
| Total Borrowing | 206 | — | — |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Purchase of additional trailers for the Company; –
- To meet working capital requirements; –
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company; and –
- General Corporate Purposes; –
Company Overview
Incorporated in March 2021, Tejas Cargo India Limited is a logistics company located in Faridabad, Haryana, that provides supply chain transportation services by road throughout India.
The company provides express road transportation services under Full Truck Load (FTL) to various sectors, including logistics, steel, e-commerce, FMCG, and white goods.
As of October 30, 2024, the fleet includes 913 container trucks and 218 trailers, averaging 3.4 and 0.7 years old, respectively.
As of October 31, 2024, the company has a fleet of 1,131 vehicles: 218 trailers and 913 container trucks, measuring 32 to 40 feet and with a capacity of up to 42 tonnes.
As of September 30, 2024, the company has completed over and 58,943 trips and 98,913 trips during Fiscal 2024.
The company operates nationwide through twenty-three branches for placements, loading, and unloading.
The company has a workforce of 284 employees as of September 30, 2024.
Competitive Strength
- In-House Maintenance and Direct Procurement
- Leveraging modern technology to operate and monitor its fleet.
- Heavy Asset Ownership Model
- Diversified client base and revenue sources
- Experienced and motivated management team
- Track record of growth and robust financial position.